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Office Market News

New subway line in Bucharest, 70% ready

The structural frame of Bucharest’s metro line M5 between Drumul Taberei and Eroilor is 70% ready, according to the Bucharest subway operator Metrorex.

Construction works show positive trend for first seven months of 2015

According to data released by the National Institute for Statistics, the volume of construction works increased during the first seven months of the year by 11.3 percent as gross series, while as adjusted series by the number of working days and by seasonality they showed an 11.6 percent rise.

Altex reopens store in Iulius Mall Iasi following EUR 0.5 mln investment

Altex reopened the store in the Iulius Mall shopping centre in Iasi, with a new concept of refurbishment of an area of over 2,000 square meters, following an investment of EUR 500,000, announced the IT retailer.

Real estate developer sells office building in downtown Bucharest

Real estate developer Plaza Centers sold the office building Palazzo Ducale to the company Long Bridge Electric TL, for EUR 1 million.

Bog'Art named general contractor for Veranda Mall

Bog'Art was named general contractor for Veranda Mall, which will go up near Bucharest’s Piata Obor district. Completion is set for fall 2016.

Liviu Tudor: Real estate brokers try to influence the market towards prices growth

Real estate brokers try to transfer the positive feeling in Romanian economy in their advantage and psychologically influence the market towards land prices growth, has declared Liviu Tudor, president of Genesis Development, during a real estate conference.

Romanian PM: Govt. wants to raise minimum wage three times by 2017

The Government plans to raise the minimum wage in three steps next year so that it reaches RON 1,400 (EUR 316) by January 2017, said Prime Minister Victor Ponta. The incremental increases are easier to absorb both by the private and the public sector, Ponta added.

Romanian businesses jump up one spot in Deloitte Central Europe Top 500

The largest Romanian companies present in Deloitte Central Europe Top 500 saw a median annual revenue growth of 5.3 percent compared to the regional rate of just 0.3 percent, shows data from the latest Deloitte study.

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